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Nov 26, 2012
11/12
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KGO
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. >> congress returns this week without much can evidence of real progress on avoiding the fiscal cliff. members of congress expect optimism today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator lindsey graham said that for the good of the country he is ready to violate the antitax pledge. >> i think grover is wrong when you can't cap deductions and buy down debt. i want to buy down debt and create jobs but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> it's not clear when lawmakers and the president will meet next. >> fans of comediancast william are suing him after a performance in oklahoma. >> we now know what is behind a gas explosion in massachusetts. >> the items you'll most likely see the biggest discounts on cyber mo
. >> congress returns this week without much can evidence of real progress on avoiding the fiscal cliff. members of congress expect optimism today about the prospects of reach ago deal to avoid the sear of tax increases and spending cuts. democrats and the president wants to raise tax rates for the wealthy, republicans don't. there are more now breaking with grover nord qwest had gotten a majority of republican lawmakers to not support any effort to raise taxes. this morning, senator...
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Nov 9, 2012
11/12
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WMAR
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there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are chosen and put on ties. they have done this for years and it has raised a lot of money if you have one today is the day to wear it. can you buy one, too. linda so is live and where are the ties sold? >> reporter: it is all in collaboration with jos a. bank, that's where can you find them. the collection is out. can you find them in the others -- stores and online. the artists who designed their own ties are wearing them. can you wave. they are troopers for getting up this early to be with us. you are with hopkins, you work with the kids. this is cool. >>
there is no way to avoid the fiscal cliff. spending cuts and tax increases are set to kick in next year. it with send the economy into a tail-spin. that could increase. a immediate yap household income is $70,000. if everything stays as is, that family will be hit with $3500 in taxes. >> that's 300 a month or capable and electric combined. the president will speak at 1:00 today about the potential crisis. >>> the children at hopkins gets creative and draws things and they are...
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Sep 11, 2012
09/12
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KNTV
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eye 43
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the so-called fiscal cliff of spending cuts and tax hikes are looming in january and the effect of europe's economic slowdown. the latest survey from manpower finds the vast majority of employers see no change in their fourth quarter hiring plans. only one of the 13 sectors manpower tracks, education and health care services, had a stronger hiring outlook than just three months ago. i'll end it there. back over to you. >> thank you very much for the update. check back with you later. >>> meteorologist christina loren on set to talk about the forecast on this tuesday. >> if my phone went off, it would have been rock you like a hurricane, so she got lucky there. that's how i roll. good morning to you. temperatures this morning are on the cold side. you might have to dust off that jacket. yes, sweater weather returning to the bay area. temperatures are going to spike from the 50s, low 50s in fact, back towards that 90-degree mark but not quite reaching it so it's going to be a touch cooler today than it was yesterday. then we're going to heat up. not until the end of the week, though, that's y
the so-called fiscal cliff of spending cuts and tax hikes are looming in january and the effect of europe's economic slowdown. the latest survey from manpower finds the vast majority of employers see no change in their fourth quarter hiring plans. only one of the 13 sectors manpower tracks, education and health care services, had a stronger hiring outlook than just three months ago. i'll end it there. back over to you. >> thank you very much for the update. check back with you later....
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Nov 19, 2012
11/12
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KTVU
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. >>> congressional leaders say they want compromise on the fiscal cliff, but there is no sign of agreement of how to raise more revenue. without agreement, tax increases and deep spending cuts go into effect at the end of the year. the chair of the house gop policy committee said today the tax raise that president obama wants doesn't solve the problem. >> we take the president's deal that he has brought to the table. you know how many days that pays for the federal government? not -- eight days. not eight months. not eight weeks. eight days. >> the elements for an agreement are there. time is of the essence. the quicker we do it, the more confidence we instill. the better it is for the economy and for the american people. >>> house minority leader nancy pelosi anticipates an agreement by mid-december, but says democrats will not accept a plan that fails to include a tax hike for the wealthy. >>> now to our continuing coverage of the cleanup from superstorm sandy, and vice president joe biden today visited new jersey to view the damage there. after a helicopter tour of the coastal area hit
. >>> congressional leaders say they want compromise on the fiscal cliff, but there is no sign of agreement of how to raise more revenue. without agreement, tax increases and deep spending cuts go into effect at the end of the year. the chair of the house gop policy committee said today the tax raise that president obama wants doesn't solve the problem. >> we take the president's deal that he has brought to the table. you know how many days that pays for the federal government?...
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Nov 30, 2012
11/12
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KICU
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eye 108
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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Nov 30, 2012
11/12
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KTVU
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eye 282
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. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like medicare over a decade. >>> former rivals president obama and governor romney spoke in private. and what they said remains in private. the white house did release a photo and reported that they had white turkey chili and south western chicken salad. when romney arrived, a man ran up to him and said something. secret service quickly ran up to him. >>> imagine running the equivalent of a marathon a day. patty lee shows us what inspired a 25-year-old san francisco woman to spend the past five months making this cross country journey. >>> it took four months, 3,200 miles and 12 pairs of running shoes to get he
. >> today house speaker john boehner rejected president obama's proposal to avoid the fiscal cliff. boehner said no progress was made. boehner accused democrats of not being serious of real spending cuts. but democrats say republicans are causing the hold up. the proposal consisted of $1.6 trillion in higher taxes, they also wanted 50 billion for infrastructure. the president in return approved spending cuts this year and legislation for saving up to $400 million for programs like...
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Nov 26, 2012
11/12
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KNTV
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eye 213
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on captiol hill, the battle lines are drawn for a showdown, a fiscal cliff hanger. that uncertainty is putting a damper on the shopping season that could be helping the economy. brian moore, nbc news, washington. >>> former hp executive and republican political activist says the nation's wealthy need to know they will need to pay more. >> taxing the wealthy is not a process of addressing our great opportunities and challenges. so, as uncommon as it is for republicans to say we will put revenue on the table and i think john boehner was crystal clear that revenue is on the table. the president needs to say here's my grand vision. >> she says the president should focus on addressing the issues that would jump start small business and encourage entrepreneurs. >>> the nhl lockout turned ten weeks old and business s are hurting. many bars and restaurants rely on customers that come in on game days. on friday the nhl announced the cancellation of games through december 14th. henry's high life is one of the businesses starting to feel the pinch. >> the gooim nights the game
on captiol hill, the battle lines are drawn for a showdown, a fiscal cliff hanger. that uncertainty is putting a damper on the shopping season that could be helping the economy. brian moore, nbc news, washington. >>> former hp executive and republican political activist says the nation's wealthy need to know they will need to pay more. >> taxing the wealthy is not a process of addressing our great opportunities and challenges. so, as uncommon as it is for republicans to say we...
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Nov 18, 2012
11/12
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KNTV
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. >>> here at home, pressure on to avoid the fiscal cliff. which would raise taxes on the majority of americans and cut spending across the board starting january 1. republicans who hatch been against tax hikes say they're now willing to talk about increasing revenue, democrats, oppose cuts to programs such as social security, are recognizing they'll have to give a lit tool probably. president obama and congressional leaders say they're working on a compromise. both side will meet again after thanksgiving. that's the plan. they hope to come up with a solution well before the end of the year. twinkies and hoho lovers are turning to the internet to find the cakes after hostess is shutting down. stores are wiped out of the cream filled sponge cakes. many junk food lovers are turning to craigslist and ebay. listed for thousand each. some people say they want to pass on a childhood favorite to their children. >> i think -- she hasn't had her first twinkie. we are hoping to get one before they -- before they were gone. >> although hostess is shutti
. >>> here at home, pressure on to avoid the fiscal cliff. which would raise taxes on the majority of americans and cut spending across the board starting january 1. republicans who hatch been against tax hikes say they're now willing to talk about increasing revenue, democrats, oppose cuts to programs such as social security, are recognizing they'll have to give a lit tool probably. president obama and congressional leaders say they're working on a compromise. both side will meet...
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Nov 27, 2012
11/12
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KNTV
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eye 33
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this comes as congress looks to avoid the so-called fiscal cliff where automatic tax hikes and spending cuts kick in at the end of the year if a deal is not reached. nbc's tracie potts has new details this morning from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year. >> it seems to be a thing that we can all agree on, that middle class families should see an extension of these tax cuts. >> reporter: some prominent republicans who have been dead set against raising taxes on anyone, now hint they may consider other options. >> we've been open to revenue by closing loopholes as long as it's tied to spending cuts and pro-growth tax reform that broadens the base and lowers rates. >> you don't raise rates, you just cap the amount of itemized deductions of taxpayers. >> reporter: the bottom line is america is borrowing too much money trying to keep medicare and social secu
this comes as congress looks to avoid the so-called fiscal cliff where automatic tax hikes and spending cuts kick in at the end of the year if a deal is not reached. nbc's tracie potts has new details this morning from washington. >> reporter: today president obama meets with small business leaders, continuing his push for higher taxes for the wealthy. a new white house economic reports warns if tax breaks go away, the average middle class family willow uncle sam another $2200 next year....
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could spend massive spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if they don't, it's going to be tough. >> he's talking about employ qleez can see income taxes increase by a couple thousand dollars. >> cost of living is really high. and tough to make especially in the city like san francisco. >> if congress ask the president can't reach an agreement, income taxes will go up on nearly all americans average family paying extra $2000 to $2400 a year, spending cuts mean cuts to education, transportation, research and development. there is a proposal to up airline fee that's could raise $1 billion cutting back on those who receive food stamps could bring in another $4 billion to $16 bill
could spend massive spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if...
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Dec 30, 2012
12/12
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KGO
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eye 214
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all eyes on the senate as the nation moves closer and closer to the brink of that fiscal cliff with massive spending cuts and tax hikes set to automatically kick in. they are trying to come up with a last minute compromise. president said any bipartisan bill would have to extend unemployment benefits affecting some 2 million americans. it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. the economy is growing, but keeping it that way means that the folks you sent to washington have to do their jobs. >> the president's proposal to raise taxes on the top two percent of americans won't even pay one-third of the annual interest that's now owed on the massive $16 trillion debt. >>> the house returns tonight just one day before a deal needs to be reached. it's likely negotiators will be burning the midnight oil as the clock ticks down to 2013. >> much more on the fiscal cliff this morning on abc's "this week i charles shumer of new york and republican senator john kyle of arizona debate the last-minute efforts
all eyes on the senate as the nation moves closer and closer to the brink of that fiscal cliff with massive spending cuts and tax hikes set to automatically kick in. they are trying to come up with a last minute compromise. president said any bipartisan bill would have to extend unemployment benefits affecting some 2 million americans. it would also have to increase taxes on the highest income earners. >> just can't afford a politically self-inflicted wound to our economy. the economy is...
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Dec 30, 2012
12/12
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KGO
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eye 260
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all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income earners. the president knows neither side is going to get everything they want, and he thinks it's time for house republicans to compromise. it is very important for republicans in congress to say we aren't going to get 100%, at the need to compromise in order to solve problems. >> if there is enough in the agreement for republicans to be able to support it, and we can get a majority of republicans in the senate and a majority of democrats in the senate, then i think there's a good opportunity for a majority of democrats and republicans in the house. >> well, the stock markets appear to be betting against a
all eyes on the senate as the nation moves closer to the the brink of the fiscal cliff with massive spending cuts and tax hikes cut to automatically kick in. lawmakers will get down to work starting at 10:00 this morning our time. senate negotiators are trying to come up with a last-minute compromise to present to the house. president obama says any bipartisan bill has to extend unemployment benefits, affecting some 2 million americans. he says it must increase taxes on the highest income...
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. >> we're now four weeks from that so called fiscal cliff and talks between democrats and republicans in washington have stalled. january 1 bush era tax cuts cuts affecting defense and social spending. house republicans offered a plan including $800 billion in revenue. the president says it's not good enough. >> we're going to have to see the rates on the top 2% go up z we're not going to be able to get a deal without it. it's not:hlj partisan. >> the plan is also not popular with some republicans. opular with some republicans. conceding that the federal government needs more money negotiating with ourselves and treating the proposal like it's serious. >> there is one area that may have found common ground. raising the age when seniors can receive some medicare. >> an eight day strike by shippingl2?sq)ks. both sides agreed to mediation. lines being7kuñ honored by 10,0 long shore men. the strike against 14 shipping lines is costing the u.s. economy $1 bi=es; a day in lost trade. the union jobs claims jobs being shipped overseas. the port says it's offering clerks lifetime job secur
. >> we're now four weeks from that so called fiscal cliff and talks between democrats and republicans in washington have stalled. january 1 bush era tax cuts cuts affecting defense and social spending. house republicans offered a plan including $800 billion in revenue. the president says it's not good enough. >> we're going to have to see the rates on the top 2% go up z we're not going to be able to get a deal without it. it's not:hlj partisan. >> the plan is also not popular...
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Dec 31, 2012
12/12
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KTVU
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. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promi
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain...
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Nov 14, 2012
11/12
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KTVU
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they want his advice on how to avoid this fiscal cliff and spending cuts are set to take affect if congress does not act. >>> students are set to gain two day protest outside a regents meeting. at the are requestion of brown they are raising fees and they will still vote to increase tuition for next year. they will also meet to talk about prop 30. the pressure is to safe $250 million. that was the case in palo alto yesterday who paid just 39 cents per gallon for a gas. one driver said it cost him $3 for 8 gallons for gas. one driver has decided to stock up and it appears to be over. the price was $3.65 per gallon that the same-station issue this morning. >> it must have been a nice surprise. >> that would be great. bring up the motor home. >>> let's take a look right now, traffic is looking relatively well around the bay area. weaves had some road work between the s curve and the fremont exit and it is not causing a major delay also the commute on san francisco approaching the 880 split along the lower deck of the bridge, that traffic looks good and northbound 280 right through the downtown
they want his advice on how to avoid this fiscal cliff and spending cuts are set to take affect if congress does not act. >>> students are set to gain two day protest outside a regents meeting. at the are requestion of brown they are raising fees and they will still vote to increase tuition for next year. they will also meet to talk about prop 30. the pressure is to safe $250 million. that was the case in palo alto yesterday who paid just 39 cents per gallon for a gas. one driver said...
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Nov 11, 2012
11/12
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KPIX
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cliff. spending cuts and tax increases that will be triggered if it's not resolved by the end of the year. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. that's how we did it when bill clinton was president and that's only way we can afford to invest in education and job training and manufacturing all the ingredients of a strong middle class and strong economy. >> instead of raising tax rates on the american people and accepting the damage it will do to the economy let's start to actually solve the problem. the tax reform. lowers tax rates. instead of accepting arbitrary cuts, that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> both the president and republicans are willing to compromise and hope to reach an a
cliff. spending cuts and tax increases that will be triggered if it's not resolved by the end of the year. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. that's how we did it when bill clinton was president and that's only way we can afford to invest in education and job training and manufacturing all the ingredients of a...
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Nov 25, 2012
11/12
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KNTV
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eye 68
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cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in the east had to shut down and sales of new homes may have been hurt in the final week of the month. >>> automakers show off their new models this week. we'll see the new chevy spark. fiat's electric car and dozens of other vehicles. that's all at the los angeles auto show. i'm tyler mathisen. get your business news on cnbc. >> a reminder you can get business and tech news before the bell weekdays on "today in the bay" starting at 4:30 in the morning. much more ahead on "today in the bay." coming up, what you need to know before you buy toys this christmas. we'll show you which toys to avoid. >>>
cliff of tax hikes and big spending cuts slated to take effect at the start of the new year crippling the economy possibly. monday is known as cyber-monday by some consumers when holiday shoppers who didn't leave their thanksgiving dinner or brave the black friday crowds instead plan to do much of their holiday shopping online. now, a handful of economic reports this week may reflect the lingering impact of hurricane sandy. durable goods orders expected to rise last month but many factories in...
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Nov 9, 2012
11/12
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KNTV
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. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in, more than half of all married couples with two children would owe and additional $4,000 in taxes a year. for those with three or more children that jumps to $4700. on top of that, the 2011 temporary payroll tax cut would expire. so add on a 2% tax increase for most workers. then there would be automatic spending cuts in 1,000 government programs, including defense, medicare, extended unemployment benefits. everything but veterans benefits, social security, and federal pensions. economists say that combination would act as a brake on the economy throwing it back into recession and could cause a market crash. >
. >> on january 21st, 2013, there's going to be a massive fiscal cliff of large spending cuts and tax increases. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax hikes and spending cuts that congress and the president agreed to to force themselves into a compromise, but so far they haven't agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve the bush tax cuts expire, the alternative minimum tax kicks in,...
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Dec 28, 2012
12/12
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KGO
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eye 141
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cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44. everybody else mid to upper 30s. 33 gilroy. 40 salinas. cool start today, light rain by the
cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast,...
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Dec 23, 2012
12/12
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KPIX
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eye 114
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we have the so-called fiscal cliff. with the politics involved here? how much of what we have been seeing is real deal cutting and how much is show? >> first of all, none of it is really show. it's really politicians trying their best to prevail what they promise their voters they would do. that's what that is. they are going as well as they can. the first day as we said something different than willie brown. i immediately agreed. my voters would have to say, i didn't do what i promised to do. >> what if what you promise to do is after you sit down and see the facts and it isn't the right way to go. what do you do politically? >> for me i naturally try to get that information out there but also let the public is certainly everybody looking at the budget process understand the change of circumstances we face. for me but it has always been kind of a process where you don't really hide. >> it seems to me the question is, republicans say, we can't give on taxes until you reduce spending. democrats are saying, but you reduce spending until the go on taxes.
we have the so-called fiscal cliff. with the politics involved here? how much of what we have been seeing is real deal cutting and how much is show? >> first of all, none of it is really show. it's really politicians trying their best to prevail what they promise their voters they would do. that's what that is. they are going as well as they can. the first day as we said something different than willie brown. i immediately agreed. my voters would have to say, i didn't do what i promised...
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Sep 11, 2012
09/12
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KPIX
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what is the fiscal cliff? >> is very confusing, it is actually the combination of tax increases and spending cuts that are scheduled to go into effect january 2013. we have the bush era tax cuts set to expire and they bring the tax system back to 2001 levels. we also have president obama's temporary cuts including the 2 percent payroll tax holiday. it is estimated that 80 percent of americans will see some form of tax increase next year if nothing is done and the fact that the tax policy center says average household are facing $3,700 jump in taxes as a result of the fiscal clef >> how will that affect the economy and the jobs market? >> this is why we call it a cliff, it is pretty scary. the congressional budget office said it would likely slide into recession as a result of tax increases and spending cuts. the economy is expected to shrink by about a half percent next year if nothing is done and also the fiscal cliff is expected to increase the nation's unemployment rate from the current level to 9.1%. on mo
what is the fiscal cliff? >> is very confusing, it is actually the combination of tax increases and spending cuts that are scheduled to go into effect january 2013. we have the bush era tax cuts set to expire and they bring the tax system back to 2001 levels. we also have president obama's temporary cuts including the 2 percent payroll tax holiday. it is estimated that 80 percent of americans will see some form of tax increase next year if nothing is done and the fact that the tax policy...
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Nov 29, 2012
11/12
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KNTV
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eye 129
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vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than $250,000. >> reporter: house speaker john boehner says no. once tax breaks get blocked democrats can go home for the holidays and on january 1 tax rates rise automatically for the top 2%. worried ceos came to capitol hill saying congress has to avoid the cliff. >> entitlements have to be touched and revenues have to be touched. >> to make sure we have revenue necessary in order to move this economy forward. >> we are willing to put revenue on the table as long as we are not raising rates. >> reporter: the president says no long-term deal without a rate hike on the rich. he is urging the middle class to lobby lawmakers. >> whe
vote now to prevent the worst fall off the fiscal cliff, tax hikes on 98% of americans. >> the first job is to make sure tax on middle class families don't go up and since we all agree on this we should get that done. >> reporter: house democrats agree. >> if we can get a few house republicans to agree, as well, i will sign this bill. >> reporter: republican tom cole got on board. >> we all agree that we are not going to raise taxes on people that make less than...
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Nov 26, 2012
11/12
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cliff we're talking not add the in the year. if that happens and we go over the cliff consumer drop spending could drop by nearly $200 million next year. this is why investors are a little apprehensive. >> people do believe in the class and they understand that it is no joking matter. --cliff the poll indicates 17 in 10 americans are calling for a compromise on the issues. they are pessimistic about anything actually happening. one out of four people say tax increases and spending cuts will it cause a crisis. >> the giant l'oreal is buying the edgy private cosmetic company urban decay. it will give l'oreal another entry into the specials as brands. urban decay makeup is sold through specialty retail stores like so fora for online shops. this deal will give l'oreal extended reach. we will take a break in here as aid look at our toll plaza. the fog is a real problem as we're watching the news began to back up. we will talk to george st of the drive times are slowing down. fog typically means delays that s f o and they are beginnin
cliff we're talking not add the in the year. if that happens and we go over the cliff consumer drop spending could drop by nearly $200 million next year. this is why investors are a little apprehensive. >> people do believe in the class and they understand that it is no joking matter. --cliff the poll indicates 17 in 10 americans are calling for a compromise on the issues. they are pessimistic about anything actually happening. one out of four people say tax increases and spending cuts...
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Nov 10, 2012
11/12
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. >> as you heard the nation is approaching the fiscal cliff when taxes and spending get cut at the first of the year, tonight president obama is campaigning for what he hopes will be a grand bargain with republicans in congress on this issue. mark matthews tonight with the president's pitch. >>reporter: speaking from the east room at the white house the president message simple. >> we can't just cut our way to prosperity. we are serious about reducing the deficit we have to combine spending cuts with revenue. that means asking the wealthiest americans to pay a little more in taxes. >>reporter: he made the argument a central theme of the reelection campaign. now he says it's up to congress to follow the will of the majorit majority. at group square local and tourists watch the speech this morning. then agreed the bush era tax cut people making more than 250,000 ought to expire. >> i have always been a supporter of it. >> he made the point and i felt it was great. >> you know i think we all have to sacrifice. that's just the way it is. >> i don't make a quarter million a year and i'm willi
. >> as you heard the nation is approaching the fiscal cliff when taxes and spending get cut at the first of the year, tonight president obama is campaigning for what he hopes will be a grand bargain with republicans in congress on this issue. mark matthews tonight with the president's pitch. >>reporter: speaking from the east room at the white house the president message simple. >> we can't just cut our way to prosperity. we are serious about reducing the deficit we have to...
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Dec 4, 2012
12/12
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could face massive spending cuts and tax increases known as the fiscal cliff. they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about employees. see the income taxes increase by a couple of thousands dollars. >> cost of living is really high and tough to make it especially in the city like san francisco. >>reporter: if congress and president can't reach an agreement income taxes will go up on nearly all americans. average family will be paying an extra 2000 to 2400 dollars a year. automatic spending cuts mean cuts to education. transportation. research and development. there's proposal to up airline fee that is could raise 1 billion dollars cutting back on those who 7 fad stamps could bring in another 4 to 16 billion over 1
could face massive spending cuts and tax increases known as the fiscal cliff. they are talking about it in washington. today congressional republicans put forward alternative to the president plan. but tonight we are no closer to a deal. political reporter mark matthews explains what that means. >> san francisco cafe owner has been watching the cliff creep closer an hoping for rest logs. >> because if they don't it's going to be really tough. >>reporter: he's talking about...
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Dec 28, 2012
12/12
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WBAL
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cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a good day and constructive conversation. he also said mitch mcconnell and harry reid are currently working on a bipartisan agreement to avoid the fiscal cliff. again a reminder, on january 1st, a package of across-the- board spending cuts and tax increases go into effect. the president also issued an ultimatum saying if no bipartisan agreement can be reached, he will ask them to bring it package to the floor for an up or down vote. why does everyone have to wait until the last minute? he called this a self-inflicted politic
cliff. he also gave an ultimatum to leaders of the senate. more on that next. >> the fines keep coming to the ravens. why this matter should have happened. >> breaking down this upcoming little storm over the weekend. let's take a look outside. dry in baltimore right now. 42 >> late breaking details out of washington from the white house. we heard from a very frustrated barack obama after a meeting with congressional leaders to talk about the fiscal cliff. he said it was a...
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Nov 28, 2012
11/12
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KNTV
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cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she said her top three priorities are god, family and yahoo!. we're going to hear more about this. meyer will be meeting with the president as well, the leader this afternoon. google also busy in washington. bloomberg reports larry page, the ceo, has been meeting with federal trade commission as we get this much closer to what many see as antitrust. at question, does google use its search results to strengthen its own business interests. for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott.
cliff. we'll take a look at that. yahoo!'s melissa meyer talks out for the first time. >>> welcome back, everybody. it's 5:12 right now. yahoo! ceo melissa meyer will meet with president obama today. >> although she did speak out for the first time at a fortune magazine event last night. fortune listed her in its most powerful women list. video here from the fortune event provided by the magazine to the "today" show. meyer is the youngest ceo in the fortune 500. she...
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Dec 19, 2012
12/12
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KRON
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cuts that will kick in the first the year congress doesn't do anything. >> the so-called fiscal cliff. >> the speaker present the president with a plan that would raise taxes on americans earning more than $1 million. >> not the 250,000 the present as a close. >> the house responded with a proposal for tax increases on those making more than 400,000 so some common ground they had been found on tax increases. >> and spending cuts the sides are far apart with the public is demanding greater cost so secure in medicare than the democrats seem willing to give for now. >> the bay area favorite way to bring in the new year is always with kron 4. >> we will bring you the biggest partisan as fireworks. >> they will all be on kron fours mocked new year's eve live show hosted by catherine heenan and gary radnich see you >> here is a live look at our mt. tam camera. it is 5:30 a.m.. it is cold out there, really really cold. >> it's so cold that director paul has a hat on. temperatures right now and hayward at 34 degrees. the wind chill feels like it is 30. mountain view 30 have monday and the 30'
cuts that will kick in the first the year congress doesn't do anything. >> the so-called fiscal cliff. >> the speaker present the president with a plan that would raise taxes on americans earning more than $1 million. >> not the 250,000 the present as a close. >> the house responded with a proposal for tax increases on those making more than 400,000 so some common ground they had been found on tax increases. >> and spending cuts the sides are far apart with the...
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Dec 6, 2012
12/12
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cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bush-era tax cuts must be extended to all americans. >> reporter: the standoff and debt concerns ryan. so much so, that he is the guy if the suit dancing gangnam style with former senator alan simpson. the group the can kicks back is working to get young people involved in fixing the deb
cliff." >> you got it nail this down. uncertainly is killing us. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to...
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Nov 9, 2012
11/12
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they said the fiscal cliff spending cuts and tax increases that kick in at the end of this year would push the economy into another recession. on the campaign trail the president made clear he wants a deal that includes tax reforms and new incentives for businesses that keep jobs in the united states, but he also wants tax increases on wealthier americans, something republicans say they will refuse to consider. reporting live from washington dc, allison byrnes ktvu channel 2 news. >>> a penalty phase hearing continues today for a convicted of killing two people. prosecutors wants death penalty for nathan barris. he threatened to kill them after he fired them. back in 2008, he sent a letter to barris's former girlfriend, debra ann ross warning he may be a threat to her. those fears proved to be true on august 11th, 2009, that's when authorities say barris shot ross who was a toll take and are shot and killed her friend. >>> an ancient fossilized tooth that was dug up is on display at the academy of sciences. a train operator found that tooth just two months ago. it was buried about 110
they said the fiscal cliff spending cuts and tax increases that kick in at the end of this year would push the economy into another recession. on the campaign trail the president made clear he wants a deal that includes tax reforms and new incentives for businesses that keep jobs in the united states, but he also wants tax increases on wealthier americans, something republicans say they will refuse to consider. reporting live from washington dc, allison byrnes ktvu channel 2 news. >>>...
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Nov 12, 2012
11/12
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and the president plannings several meetings this week concerning the so-called fiscal cliff. on friday he's scheduled to meet with a bipartisan group of congressional lead,. if there's no deal by the end of the year, automatic tax increases and spending cuts into into effect. >>> concerns over greece sent most asian markets lowering this morning. and wall street is trying to recover from the worst week since june on friday. greece passed an austerity budget that's crucial to it avoiding bankruptcy. it calls for severe spending cuts and tax increases. >>> a recent report shows carriers are bracing for what's expected to be a wave of retirement as many reach retirement age and experience requirements are prevents new hires. >>> it is shopping season now. seems like black friday might be a thing of the past. >> that's right. this seems to be the going trend here. target is also going to open at 9:00 on thanksgiving night, three hours earlier than last year. like a lot of other sears like target and wal-mart, they will offer deals for early shoppers. i think black friday is becom
and the president plannings several meetings this week concerning the so-called fiscal cliff. on friday he's scheduled to meet with a bipartisan group of congressional lead,. if there's no deal by the end of the year, automatic tax increases and spending cuts into into effect. >>> concerns over greece sent most asian markets lowering this morning. and wall street is trying to recover from the worst week since june on friday. greece passed an austerity budget that's crucial to it...
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Nov 8, 2012
11/12
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its been called the fiscal cliff. it's tax hikes and spending cut that take effect early next year. without government action going over the fiscal cliff will almost certainly trigger another recession. both sides are at least talking now about working together. >> this was really the message the american people sent from all over and that is they are tired of these partisan gridlocks. >> by working together, we can different our country a stronger, healthier economy. >> congress's lame duck session starts next week. the president has called all four congressional leaders to urge them to get to work on the issue. >>> preliminary state figures suggest fewer people voted in this year's election than four years ago. according to california secretary of state office 59% of voters voted this year. in 2008 that was above 70%. here just over half or almost 5% of registered voters turned out for tuesday's election. >>> election officials in some parts of florida blame high voter turn out as the reason they are still counting ballots. florida still has about 3% of its ballots uncounted. offi
its been called the fiscal cliff. it's tax hikes and spending cut that take effect early next year. without government action going over the fiscal cliff will almost certainly trigger another recession. both sides are at least talking now about working together. >> this was really the message the american people sent from all over and that is they are tired of these partisan gridlocks. >> by working together, we can different our country a stronger, healthier economy. >>...
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Dec 31, 2012
12/12
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KRON
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cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see governmen
cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate...
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Nov 27, 2012
11/12
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KRON
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most americans understand the fiscal cliff is scary and a series of looming tax hikes and spending cuts that could damage the economy. president obama has been pressuring republicans to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never go for higher taxes. >> i will violate the pledge, long story short for the good of the country. >> the world has changed. >> it is music to years of the white house and very disturbing to this man. he is an anti-tax person and who got the republicans to sign a note signed the no tax increase agreement in the first place. >> if you go to voters and say i made this promise and now i'm breaking his promise you should know that and say to them. >> 258 members of congress have signed the pledge. only about half dozen have x rest doubts about it. the test of whether not there are willing to break a promise to not bring taxes will come in the next six weeks. the president seems to be gaining a little ground today and senator john mccain seemed to soften his position on su
most americans understand the fiscal cliff is scary and a series of looming tax hikes and spending cuts that could damage the economy. president obama has been pressuring republicans to reach a compromise that increases taxes on wealthy americans. a handful of republicans are suggesting they might break their pledge to never go for higher taxes. >> i will violate the pledge, long story short for the good of the country. >> the world has changed. >> it is music to years of the...
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Dec 14, 2012
12/12
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deal must be reached by december 31 to the avoid going over that fiscal cliff. that's combination of tax increases and spending cuts that some fear could plunge the country into recession once again. >> walgreens drugstore chain has agreed to pay a huge fine to settle an environmental lawsuit filed in alameda county. prosecutors say they illegally dumped medical biohazard waste into regular trash bins. they also dumped patient records without shre shredding them all 34 wall green stores in alameda county were found to be in violation of this law. settlement covers more than half of the counties in california. >> we have some good news and some bad news about california students and tobacco use. good news is that cigarette smoking has declined. the bad? it's the use of spokeless tobacco jumped significantly. we have more now on the new report from california department of public health. >> tobacco use trends in california among the young are raising some red flags at the state department of public health. nearly 9 percent of store state wide illegally sold to min
deal must be reached by december 31 to the avoid going over that fiscal cliff. that's combination of tax increases and spending cuts that some fear could plunge the country into recession once again. >> walgreens drugstore chain has agreed to pay a huge fine to settle an environmental lawsuit filed in alameda county. prosecutors say they illegally dumped medical biohazard waste into regular trash bins. they also dumped patient records without shre shredding them all 34 wall green stores...
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Nov 28, 2012
11/12
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cliff about spending cuts that kick in at the end of next month. it was another down day on wall street as investors grow increasingly worried about whether they can avoid financial disaster. they are deadlocked over raising taxes on well, the they are americans. -- wealthier americans. sea think he should stop campaigning. >>> they are working out an agreement and he is back on the campaign trail, presumably with the same old talking points we are quite familiar with. >> reporter: but they say the white house is fully engaged while taking his case to the public. >> now that the election is over, we should stop talking to them about these vital issues i think is bad advice. >> reporter: how the president is taking his message to social media i will have that during my next update. allison burns, ktvu channel 2 morning news. >>> and city leaders are asking for advanced warning in the event same sex marriage becomes formally legalized. california's voter approve ban on gay marriage and if the high court refuses to hear proposition 8 would stand and b
cliff about spending cuts that kick in at the end of next month. it was another down day on wall street as investors grow increasingly worried about whether they can avoid financial disaster. they are deadlocked over raising taxes on well, the they are americans. -- wealthier americans. sea think he should stop campaigning. >>> they are working out an agreement and he is back on the campaign trail, presumably with the same old talking points we are quite familiar with. >>...
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Dec 28, 2012
12/12
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WMAR
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. >> the nation is edging closer to that fiscal cliff, as lawmakers spend more time on blame than action. >>> also, he's being called one of the great military giants of our time. this morning, general norman schwarzkopf is being remembered as a soldier and a patriot. >>> and a woman shoves a man in front of an oncoming train and then runs away. it's the second deadly subway shoving this month. and this morning, we're getting our first look at the woman police say did it. >>> and it was a gift meant for a stranger. but it built a community. the unexpected outcome of one man's message in a bottle. >>> good morning. i'm muhammad lila, in for rob nelson. >> i'm brandi hitt. paula faris is on assignment today. we begin this morning with a new effort to avoid the fiscal cliff. it's an 11th-hour attempt to reach a deal. but lawmakers are not optimistic. >> wendy gillette is here with the latest. good morning, wendy. >> reporter: good morning, president obama will meet be lawmakers this afternoon. time is running out with no deal in sight. president obama will meet with congressional leaders la
. >> the nation is edging closer to that fiscal cliff, as lawmakers spend more time on blame than action. >>> also, he's being called one of the great military giants of our time. this morning, general norman schwarzkopf is being remembered as a soldier and a patriot. >>> and a woman shoves a man in front of an oncoming train and then runs away. it's the second deadly subway shoving this month. and this morning, we're getting our first look at the woman police say did...
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Nov 30, 2012
11/12
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lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite part like many who go to costco, try out the free samples. he spoke about the importance of renewing the tax cuts. >> so i think it is important that coming act now. i mean, right now. all it has to do is take a single vote to extend the middle class tax cuts. >> reporter: biden bought cookies, children's books and apple pie, and a 32-inch flat screen tv. he decline an offer to buy a set of tires saying i don't drive anymore. envelop the president had a notable lunch guest at the white house today. his former rival, mitt romney. the get-together mark their first meeting since facing off in
lawmakers are no closer to avoiding the fiscal cliff, according to house speaker john boehner. each party blame the other for failing to outline considerable spending cuts. president obama sent vice president joe biden out today to do some holiday shopping and highlight the spors of renewing middle class tax cuts so families can feel more secure. biden went to a washington area costco and chatted it up with staff and was followed around the store by a huge crowd, as you can see. his favorite...
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Nov 9, 2012
11/12
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WBAL
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cliff. >> the combination of tax hikes and spending cuts that to take effect in january could send the economy back into a crippling recession. sally kyd joins us live with the details. >> high-stakes negotiations kick off next week. the president has invited the president has invited congressional
cliff. >> the combination of tax hikes and spending cuts that to take effect in january could send the economy back into a crippling recession. sally kyd joins us live with the details. >> high-stakes negotiations kick off next week. the president has invited the president has invited congressional
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Dec 7, 2012
12/12
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barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it remains under investigation. >> the rails are like three to 4 feet. if you don't pay attention, you can fall. he fell yesterday. >> the raiders did issue a statement. the team had no information beyond what authorities are releasing. their thoughts and prayers are with the family and friends. >>> coming up in a few minutes, roger good dell will say where the raiders shall play in the future and who would pay to build a new stadium. >>> this couple accused of killing this woman are going to court. the couple is accused of killing a retired schoolteacher who was found stabbed to death back in october. the washington
barely a full day this week. >> the fiscal cliff is the term that is given to a set of spending cuts and tax increases that will take effect in january if congress does not act to stop them. >>> investigators are trying to determine what happened before a football fan fell or jumped from the third deck at the oakland coliseum. he fell to the concourse during last night's broncos, raiders game and taken to the hospital with serious injuries. they called it an accident and it...
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Oct 5, 2012
10/12
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cliff" of expiring tax cuts and spending programs. "right now, it seems as though business doesn't think washington will be that crazy as to let that the fiscal cliff happen. government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or weren't sure. but retailers plan to use the holidays as an audition for full-time applicants. john challenger says out of 700,000 holiday hires, 25% will see it lead to a full-time position. on the flip side of all this, layoffs are at their lowest levels in a decade. even cutbacks to government payrolls have slowed to 1/8 of what they were a year ago. also from the labor front this morning, navistar is considering closing some factories to get back on track. according to reports, the financiallly troubled truck and engine maker is also cutting its white collar wo
cliff" of expiring tax cuts and spending programs. "right now, it seems as though business doesn't think washington will be that crazy as to let that the fiscal cliff happen. government will solve this and not force the u.s. into recession." as for the presidential campaigning, for all the talk about healthcare costs and tax cuts, only one in five employers surveyed told careerbuilder that the election's outcome would impact their hiring. the rest said it'd have no effect or...
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Dec 24, 2012
12/12
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KICU
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boehner 200 billion higher on spending cuts. out of a trillion dollar budget that doesn't seem unsurmountable so i would hope they would keep talking. >> congress is expected to be back in session by thursday. without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the criminal. every police officer that walks the street knows if you want to control violent crime take violent criminals off the street. >> on friday the nra called for armed guards in schools as the best way to prevent shootings like the one in newtown connecticut. today warner a supporter of gun ownership called for mental health care as a way to protect schools. >>> religion leaders prayed for peace and called for action to prevent gun violence. church members held sunday service then a town hall forum to answer questions and spark discussion. actor and activist d
boehner 200 billion higher on spending cuts. out of a trillion dollar budget that doesn't seem unsurmountable so i would hope they would keep talking. >> congress is expected to be back in session by thursday. without a deal tax hikes for all americans and deep spending cuts will be triggered on january 1st. >>> the head of the national rifle association today defended his group's refusal to consider any form of gun control. >> look a gun is a tool. the problem is the...
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one reason is the fiscal cliff, january 1st, 800 billion dollars in automatic government spending cuts and tax increases will be enacted, unless democrats and republicans can agree. president obama has talked with the top four leaders in congress, including republican house speaker john boehner. boehner said yesterday his party would consider tax increases under the right circumstances. he sent a tweet this morning to that effect. republican party needs to regroup after mitt romney's loss. veteran republican strategist wallace says the gop does need to change. >> what happens at this juncture is the same we talk about a war in the republican party between moderates and conservatives. that's an irrelevant and outdated debate it about is modernizing the language -- >> reporter: harry reid sounds ready to compromise saying in a news conference yesterday it is better to dance than to fight. "good morning america" will have more on the fiscal cliff, coming up at 7:00. tonight diane sawyer has an interview with john boehner. katie marzullo, abc7 news. >>> >> traffic and weather together next
one reason is the fiscal cliff, january 1st, 800 billion dollars in automatic government spending cuts and tax increases will be enacted, unless democrats and republicans can agree. president obama has talked with the top four leaders in congress, including republican house speaker john boehner. boehner said yesterday his party would consider tax increases under the right circumstances. he sent a tweet this morning to that effect. republican party needs to regroup after mitt romney's loss....
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Nov 9, 2012
11/12
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cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant this week when he signalled his party is open to creating new revenue. >> boehner's position is exactly where it was a year ago, two years ago, four years ago. don't raise taxes, have pro economic growth and government will get more revenue. >> reporter: boehner also speaks today. >> what we have to watch for is whether the speaker and the president are on entirely different planets. >> reporter: but a fiscal truce won't calm wall street. >> it will create uncertainty going forward until everything is determined in the new congress. >> reporter: thursday the congressional budget office predicted if congress doesn't act, unemployment could hit 9.1% ne
cliff, including big spending cuts at the end of this year. >> everyone is going to have to come to the table in the spirit of getting something done. >> reporter: that means democrats may have to take the hatchet to social security and medicare. >> they're going to have to cut some additional spending. >> reporter: and republicans may have to raise taxes on the wealthy. conservatives say that's not what house speaker john boehner meant this week when he signalled his...
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Dec 5, 2012
12/12
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so far - no een >>> tensions over tax hikes and spending cuts have left the "fiscal cliff" talks all but frozen. so far no face-to-face meetings have been scheduled between the democrats and republicans. cbs reporter danielle nottingham with the president's push now to sell his plan to american businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the top 2%, that includes all of you, yes, but not in any way that's going to affect your spending, your lifestyles. >> reporter: if no deal is reached between democrats and republicans before the end of the year, taxes will go up for everyone and automatic spending cuts will kick in. the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited smal
so far - no een >>> tensions over tax hikes and spending cuts have left the "fiscal cliff" talks all but frozen. so far no face-to-face meetings have been scheduled between the democrats and republicans. cbs reporter danielle nottingham with the president's push now to sell his plan to american businesses. >> reporter: president obama asked business leaders this morning to support his plan to prevent a fiscal crisis. >> let's allow higher rights to go up for the...
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Dec 3, 2012
12/12
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cuts and a $500 billion tax increase. >> "fiscal cliff," are you tired of it? >> i know. we are tired of it. >>> 6:10 now. a trip goes terribly wrong. how a california magician ended up in the hospital. >> the coast guard loses one of its own. how a smuggling investigation off the coast of santa barbara turned deadly. >> and we have a major recall to tell you about. the fire hazard involving two popular ford cars. we'll tell you about that and more when we come back. ,, ,,,,,,,,,, look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible
cuts and a $500 billion tax increase. >> "fiscal cliff," are you tired of it? >> i know. we are tired of it. >>> 6:10 now. a trip goes terribly wrong. how a california magician ended up in the hospital. >> the coast guard loses one of its own. how a smuggling investigation off the coast of santa barbara turned deadly. >> and we have a major recall to tell you about. the fire hazard involving two popular ford cars. we'll tell you about that and more...
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Dec 7, 2012
12/12
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cliff. financial experts were on capitol hill yesterday to talk about the negative impact if those automatic tax increases and spending cuts tick in january 1st. meanwhile president obama paid a visit to a northern virginia family who would suffer financially if a deal isn't reached. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the cost involved in very personal terms. >> still the white house says the across the board spending cuts and tax hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says cause
cliff. financial experts were on capitol hill yesterday to talk about the negative impact if those automatic tax increases and spending cuts tick in january 1st. meanwhile president obama paid a visit to a northern virginia family who would suffer financially if a deal isn't reached. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the cost involved in very personal terms. >> still the white...
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Nov 15, 2012
11/12
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KRON
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. >> reporter: next topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states has got to lead. >> reporter: mr. obama maintained his ideas for tackling budget problems are what earned him another term. >> i think every voter out there understood that that was an important debate. and the majority of voters agreed with me. >>> and david petraeus will testify on the terrorist attacks on the u.s. consulate in libya. am four people were killed. there had been some question about whether he would testify after he resigned friday. senator diane feinstein says he could appear before the senate intelligence committee as early as friday. >>> we're learning that the fbi agent responsible for triggering this who
. >> reporter: next topic, the looming fiscal cliff where tax hikes and spending cuts kick in in the beginning of the year unless congress strikes a deal. >> i'm open to compromise and new ideas. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. >> reporter: the tone from capitol hill is mixed. >> the elections are over with, and this is an opportunity for us to turn the page. that means to the president of the united states...
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Dec 8, 2012
12/12
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KRON
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cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue necessary to combine with the savings and with the spending cuts to reduce the deficit, to create jobs, to grow the economy, to improve the lives of the american people. >> about twelve million americans remain out of work. economists forecast dire consequences without a washington, i'm karin caifa. >>catherine: this is the 71st anniversary of the date that will live in infamy. december 7th 19-41 was when the japanese attacked pearl harbor. this was a moment of silence as 2-thousand people gathered in hawaii to hon
cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue...